EXECUTIVE ORDER NO. 60

: The assets and liabilities affected are those of the Land Settlement and Development Corporation, also known as LASEDECO.
: LASEDECO was abolished under Republic Act No. 1160.
: The Board of Liquidators created under Executive Order No. 372 is tasked with the liquidation.
: NARRA is directed to determine within 60 days which properties, equipment, assets, and rights of LASEDECO are needed for its purposes under Republic Act No. 1160 and to submit an inventory of these to the Board of Liquidators.
: The Board of Liquidators must, with the President's approval, transfer the title of the identified properties, equipment, assets, and rights to NARRA subject to the provisions of Section 10 of Republic Act No. 1160.
: Sections 10 and 15 of Republic Act No. 1160 are referenced with respect to the liquidation process.
: NARRA is given sixty (60) days from the date of the Executive Order to submit the inventory.
: The transfer must be approved by the President of the Philippines.